March crude oil traded lower during the early morning hours and broke down to its lowest levels since January 11th. Some traders indicated that the early morning weakness stemmed from the latest economic data out of China that showed their fourth quarter GDP and December Consumer Price Index higher than expected, which has fueled ideas of more aggressive monetary tightening to come. There were also reports that indicated Chinese implied crude oil demand in 2010 was up 12.0% from year ago levels. It is also possible that March crude oil prices were pressured by private industry data that showed a much larger than expected increase in US weekly crude oil inventories. Estimates for this morning's EIA report call for a 500,000 to 600,000 barrel decline.